Stock market today: Nasdaq leads declines as earnings take center stage

US stocks fell on Tuesday as investors looked to big retailer earnings to provide insight into consumer resilience amid doubts about the odds of a "soft landing." The tech-heavy Nasdaq Composite led the declines, dropping more than 1.5% by mid-afternoon trading. The S&P 500 fell about 0.9%, while the Dow Jones Industrial Average dropped 0.3% after the three gauges closed a turbulent week lower.

Recent data has challenged the idea the economy is headed for a future where inflation falls to the Federal Reserve's 2% target without a severe downturn, prompting a pullback in bets on a spring interest rate cut. Read more: What the Fed rate decision means for bank accounts, CDs, loans, and credit cards Looming large are Wednesday's earnings from Nvidia , seen as a potential turning point for markets.

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Stocks Trade Mostly Higher as Investors Applaud Revised Inflation DataStocks traded mostly in the green on Friday afternoon, pointing to another record-setting session as investors applauded a revision of December inflation data that showed it was even lower than first reported.
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